Blue Trust Inc. Sells 18,637 Shares of CSX Co. (NASDAQ:CSX)

Blue Trust Inc. lessened its position in shares of CSX Co. (NASDAQ:CSX - Free Report) by 28.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,552 shares of the transportation company's stock after selling 18,637 shares during the period. Blue Trust Inc.'s holdings in CSX were worth $1,535,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CSX. Exchange Traded Concepts LLC raised its position in shares of CSX by 255.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 7,505 shares of the transportation company's stock worth $259,000 after purchasing an additional 5,396 shares during the period. Creative Planning boosted its stake in CSX by 2.2% during the 3rd quarter. Creative Planning now owns 634,696 shares of the transportation company's stock valued at $21,916,000 after purchasing an additional 13,613 shares in the last quarter. NBC Securities Inc. boosted its stake in CSX by 8.3% during the 3rd quarter. NBC Securities Inc. now owns 7,323 shares of the transportation company's stock valued at $252,000 after purchasing an additional 560 shares in the last quarter. Secure Asset Management LLC boosted its stake in CSX by 3.5% during the 3rd quarter. Secure Asset Management LLC now owns 16,838 shares of the transportation company's stock valued at $581,000 after purchasing an additional 570 shares in the last quarter. Finally, Trust Co. of Vermont boosted its stake in CSX by 1.9% during the 3rd quarter. Trust Co. of Vermont now owns 70,244 shares of the transportation company's stock valued at $2,426,000 after purchasing an additional 1,278 shares in the last quarter. Institutional investors own 73.57% of the company's stock.

CSX Stock Down 3.7 %

Shares of NASDAQ:CSX traded down $1.23 during midday trading on Wednesday, hitting $32.41. 13,729,500 shares of the stock were exchanged, compared to its average volume of 14,157,282. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.23 and a current ratio of 0.86. CSX Co. has a 52-week low of $31.43 and a 52-week high of $40.12. The business's fifty day simple moving average is $32.70 and its two-hundred day simple moving average is $33.79. The company has a market capitalization of $62.50 billion, a PE ratio of 18.11, a P/E/G ratio of 1.97 and a beta of 1.23.

CSX (NASDAQ:CSX - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). CSX had a return on equity of 28.15% and a net margin of 23.95%. As a group, research analysts predict that CSX Co. will post 1.83 earnings per share for the current fiscal year.

CSX Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.60%. This is a positive change from CSX's previous quarterly dividend of $0.12. The ex-dividend date is Friday, February 28th. CSX's dividend payout ratio (DPR) is currently 26.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CSX. JPMorgan Chase & Co. decreased their price target on CSX from $38.00 to $37.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Loop Capital lowered CSX from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $40.00 to $34.00 in a research note on Monday, February 3rd. Robert W. Baird reduced their price objective on CSX from $39.00 to $38.00 and set an "outperform" rating for the company in a research note on Friday, January 24th. Benchmark reissued a "buy" rating and set a $38.00 price objective on shares of CSX in a research note on Monday, January 27th. Finally, Citigroup reduced their price objective on CSX from $40.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSX has an average rating of "Moderate Buy" and an average price target of $37.16.

CSX Profile

CSX Corporation, together with its subsidiaries, provides rail-based freight transportation services. The company offers rail services; and transportation of intermodal containers and trailers, as well as other transportation services, such as rail-to-truck transfers and bulk commodity operations. It also transports chemicals, agricultural and food products, minerals, automotive, forest products, fertilizers, and metals and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, as well as exports coal to deep-water port facilities.